Brexit bails out UK hotel sector – less than 1 per cent of UK hotels at risk of insolvency

Weaker pound as a result of Brexit encouraging more tourists to visit the UK

Less than 1 per cent of hotels are now deemed to be at significant risk of going insolvent* as the weakened pound as a result of Brexit has helped attract high volumes of tourists to the UK, says Moore Stephens, the Top Ten accountancy firm.

Data from the Insolvency Service shows that there has been an 18 per cent fall in the number of hotel insolvencies in the last year – to 80 down from 98.

Moore Stephens says that the influx of tourists taking advantage of a weaker Sterling is a major driver in the reduction of financial stress in the sector.

According to the ONS, international visitor numbers to the UK rose by 9 per cent in the first six months of this year – to 2.5 million people.

Moore Stephens adds that more British people are also choosing to go on ‘staycations’ – or remain in the UK for their holidays – as a cheaper alternative to going abroad.

Moore Stephens explains that whilst Brexit may have had a negative effect on some UK businesses, those in the hotel sector have clearly benefited from the effects of the vote to leave the EU.

For more information and opportunities on the UK Hotel Sector and for Hotel Investments and UK Investments, see our sister site at Investinrooms.

hotel investments, uk investments, brexit, uk hotel sector


Leave a reply

Your email address will not be published. Required fields are marked *


©Copyright 2022 Millbak Limited. Registered in England No. 07044763


Self-certified Sophisticated Investor or High-Net Worth Investors
Please read
I declare that I am a self-certified sophisticated investor or  High-Net Worth Investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:
1. I can receive promotional communications made by a person who is authorised by the Financial Conduct Authority which relate to investment activity in non-mainstream pooled investments;
2. The investments to which the promotions will relate may expose me to a significant risk of losing all of the property invested.
I am a self-certified sophisticated investor because at least one of the following applies:
 I am a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date below;
 I have made more than one investment in an unlisted company in the two years prior to the date below;
 I am working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises;
 I am currently, or have been in the two years prior to the date below, a director of a company with an annual turnover of at least £1 million.
By clicking the ‘agree’ button you agree to our terms and conditions and agree that the above constitutes a true reflection of your status as a potential investor. Otherwise please click disagree to be redirected to our homepage

If You Agree then please email to receive the password to access this page.

Log in with your credentials

Forgot your details?